Data for Q1 FY 2014/15 (July to September 2014) showed the Manufacturing sector posting real annual growth of 27% and the Tourism sector rebounding to record annual real growth of almost 60%. All other sectors performed well, with the exception of the Extractive Industries. The Government of Egypt (GOE), however, is working in cooperation with oil and gas companies to restore growth in this sector that has been hit globally by lower oil prices.
